COINOTAG News reported on January 3rd that Cango Inc. has disclosed significant growth in its Bitcoin production metrics for December 2024. The company achieved a remarkable output of 569.9 Bitcoins,
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Streamlining DeFi: How LI.FI Overcomes the Challenges of Fragmentation in Crypto
DeFi’s rapid growth continues to reshape the financial landscape. With the total value locked (TVL) in decentralized finance soaring to $80.2 billion, nearly doubling from last year’s $39 billion, the ecosystem’s momentum is undeniable. However, this rapid expansion has brought new complexities, making it harder for users to move assets between chains and for projects to attract audiences beyond their native ecosystems. Fragmented liquidity, convoluted asset transfers, and integration challenges for developers are pressing issues. Here’s how LI.FI simplifies the DeFi landscape by addressing these pain points. The Challenges of Fragmented DeFi As DeFi evolves, four primary challenges hinder the ecosystem’s progress: 1. Scattered Liquidity Across Chains The proliferation of blockchain networks has distributed liquidity across multiple ecosystems, leading to inefficiencies like higher slippage and suboptimal trading conditions. Navigating this fragmented landscape often requires manual processes to connect to various liquidity sources, creating friction for users and developers. The LI.FI Solution: LI.FI aggregates liquidity from 30+ blockchains, 18+ bridges, and 38+ decentralized exchanges (DEXs) and DEX aggregators. By providing a unified platform, LI.FI ensures users and developers can access the best rates and deepest liquidity without needing multiple integrations. This results in better prices, reduced slippage, and smoother transactions. 2. Complex User Experiences in Multi-Chain Interactions For users, swapping, bridging, or transferring assets across chains can be a tedious process. With multiple steps and tools required, this complexity often discourages full participation in DeFi. The LI.FI Solution: LI.FI’s Zaps streamline multi-step processes like swapping, bridging, and staking into single, seamless actions. By automating the complexities, users can perform cross-chain transactions through a single API call, ensuring a simplified and intuitive experience. This eliminates the need to understand the intricate processes happening behind the scenes. 3. Developer Hurdles in Multi-Chain Integration Developers face significant challenges when incorporating multi-chain features into their applications. Integrating multiple bridges, liquidity sources, and protocols is time-intensive and increases maintenance demands, delaying innovation. The LI.FI Solution: LI.FI crypto offers flexible integration tools tailored to different development needs: APIs and SDKs: For developers seeking full customization, LI.FI provides APIs and SDKs to build cross-chain swaps, bridges, and liquidity solutions. These tools ensure optimal routing, efficient gas fee management, and minimized slippage. Widgets: For rapid deployment, LI.FI’s plug-and-play widgets allow developers to instantly integrate multi-chain capabilities with minimal effort. This flexibility empowers developers to choose the best solution for their specific use cases, saving time and reducing costs. 4. Lack of Gas Tokens on Destination Chains A frequent issue in cross-chain transactions is the absence of gas tokens on the destination chain, which can leave users stranded without the resources to complete their transactions. The LI.FI Solution: LI.FI addresses this with its gas refuel feature, ensuring users automatically have the required gas tokens for their destination chain. By eliminating the need to manually acquire gas tokens, LI.FI significantly reduces transaction failures and streamlines the user journey. Redefining DeFi Simplicity LI.FI’s comprehensive approach to solving DeFi fragmentation unlocks new opportunities for both developers and users: Developers can focus on building innovative applications rather than grappling with integration complexities. Users enjoy a frictionless experience, empowering them to engage more deeply with the DeFi ecosystem. By aggregating liquidity, simplifying multi-chain transactions, and providing developer-friendly tools, LI.FI is paving the way for a more cohesive and accessible decentralized finance landscape. Conclusion DeFi’s potential to revolutionize finance is immense, but its current fragmentation presents significant obstacles. LI.FI bridges these gaps, creating a unified, user-friendly experience that benefits all stakeholders. As DeFi continues to expand, platforms like LI.FI are essential for fostering growth, innovation, and accessibility. Whether you’re a developer building the next big application or a user exploring decentralized finance, LI.FI makes the journey smoother and more efficient. Take the next step with LI.FI and embrace the future of seamless DeFi interactions. CoinOtag
Huge Potential: 4 Best Cryptos to Join for Long Term |Experts Recommendation
Investing in cryptocurrencies with a long-term perspective often yields significant rewards, provided the chosen projects exhibit innovation and utility. For those searching for the Best Cryptos to Join for Long Term, Qubetics ($TICS), Toncoin, Chainlink, and VeChain emerge as standout options. Leading this list is Qubetics ($TICS), which is revolutionising blockchain adoption with its real-world asset tokenization feature. Let’s explore why these projects are exceptional long-term investments. 1. Qubetics ($TICS): Transforming Asset Management with Tokenization Qubetics ($TICS) continues to set the standard for blockchain innovation, establishing itself as the world’s first Web3 aggregator. In its 15th presale phase, Qubetics ($TICS) has raised $8.6 million, sold 397 million tokens, and gained over 13,200 holders. At a presale price of $0.0414, $TICS offers an exciting entry point for investors. One of Qubetics ($TICS)’ groundbreaking features is its real-world asset tokenization capability. This technology allows tangible assets like real estate, art, and commodities to be digitised and traded as blockchain-based tokens. Imagine a real estate developer tokenizing property to attract global investors or an art collector enhancing liquidity by transforming a masterpiece into tradable digital tokens. Qubetics ($TICS) bridges the gap between traditional markets and blockchain, unlocking new financial opportunities. Financial projections are equally impressive. Analysts predict $TICS could reach $0.25 by the end of the presale, yielding a 630.20% ROI. Post-mainnet launch, the token is expected to soar to $15, delivering an extraordinary 43,711.74% ROI. An $8,500 investment today could translate into over $3.7 million—a life-changing opportunity. Why did this coin make it to this list? Qubetics ($TICS)’ real-world asset tokenization feature, combined with its remarkable ROI potential, makes it one of the Best Cryptos to Join for Long Term for forward-thinking investors. 2. Toncoin (TON): Integrating Blockchain with Everyday Use Toncoin is the native cryptocurrency of the TON blockchain, designed to seamlessly integrate blockchain technology with everyday applications. Its association with Telegram, one of the world’s largest messaging platforms, provides Toncoin a unique advantage in achieving mainstream adoption. Recent developments include in-app payment systems within Telegram, enabling users to send Toncoin directly in chats. This practical use case underscores TON’s potential as a widely used cryptocurrency for microtransactions, remittances, and e-commerce. Analysts forecast that TON could reach $4 by the end of 2025, with potential highs of $10 during the next major bull run. Its scalability and user-friendly approach ensure long-term growth and adoption. Why did this coin make it to this list? Toncoin’s integration with Telegram and its focus on usability position it as one of the Best Cryptos to Join for Long Term for those seeking widespread adoption and real-world applications. 3. Chainlink (LINK): Powering Smart Contracts with Real-World Data Chainlink has established itself as the leading decentralised oracle network, enabling smart contracts to securely interact with real-world data. Its applications span decentralised finance (DeFi), insurance, gaming, and supply chain management, making it indispensable to the blockchain ecosystem. For instance, a weather insurance company could automate claim payouts based on verified weather data provided by Chainlink’s oracles. This ability to bridge blockchain and real-world events ensures that smart contracts are not only reliable but also scalable. LINK’s price predictions are optimistic, with analysts expecting it to reach $12 by the end of 2025 and potentially $30 in the next bull market. Its expanding ecosystem and consistent innovation make it a cornerstone of blockchain adoption. Why did this coin make it to this list? Chainlink’s indispensable role in connecting smart contracts with real-world data makes it one of the Best Cryptos to Join for Long Term for strategic investors. 4. VeChain (VET): Enhancing Transparency and Efficiency in Supply Chains VeChain is revolutionising supply chain management by leveraging blockchain to enhance transparency, traceability, and efficiency. Businesses can track products in real-time, ensuring authenticity and quality control at every stage of the supply chain. Recent collaborations include partnerships with major luxury brands to combat counterfeiting and food producers to ensure product integrity. Imagine a consumer scanning a QR code on a product to verify its origin and quality—that’s VeChain in action, building trust between businesses and consumers. Price projections for VET are promising, with analysts predicting it could reach $0.05 by the end of 2025 and potentially $0.20 in the next market rally. Its practical applications and growing adoption ensure long-term relevance. Why did this coin make it to this list? VeChain’s focus on real-world use cases in supply chain management positions it as one of the Best Cryptos to Join for Long Term for socially-conscious investors. Conclusion: Secure Your Future with These Cryptos From Qubetics ($TICS)’ innovative asset tokenization to VeChain’s supply chain solutions, these cryptocurrencies represent the forefront of blockchain utility. Toncoin and Chainlink further enhance this list with their focus on usability and integration into real-world applications. For those searching for the Best Cryptos to Join for Long Term , these projects offer unparalleled opportunities to invest in the future of blockchain. Conduct thorough research, make informed decisions, and position yourself for lasting success in this dynamic market. For More Information: Qubetics: https://qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . CoinOtag